Latham & Watkins Advises TXO Partners in US$130 Million Upsized Public Offering

TXO Partners, L.P. (NYSE: TXO) (TXO) announced the pricing of its public offering of 6,500,000 common units representing limited partner interests in TXO (the common units) at price to the public of US$20 per common unit. The offering size was increased from the previously announced offering size of 5,000,000 common units. TXO has granted the underwriters an option to purchase up to an additional 975,000 common units at the public offering price, less underwriting discounts and commissions. The offering is expected to close on June 28, 2024, subject to customary closing conditions.

Latham & Watkins LLP represents TXO Partners in the offering with a capital markets team led by Austin partners Michael Chambers and Mollie Duckworth, with associates Om Pandya, Celia Mishra, and Don Izekor. Advice was also provided on tax matters by Houston partners Tim Fenn and Jim Cole, with associate Dylan White; and on environmental matters by Los Angeles/Houston partner Josh Marnitz, with associate Bruce Johnson.